Markets

Bhatia Colour Chem Ltd Converts Warrants Into Shares, Boosting Capital by Over 14 Crores Bhatia Colour Chem Ltd has completed the conversion of a portion of its warrants into equity shares following approval by its Board of Directors. The company confirmed that 198,400 warrants were converted into an equal number of equity shares, resulting in a significant increase to the issued and paid-up capital.The Board meeting held on July 2, 2026, approved the allotment of new equity shares upon the conversion of the warrants. The newly allotted equity shares were valued at a face value of Rs. 10/- each and were issued at an issue price of Rs. 134 per share, which included a premium of Rs. 124 per share.The allottees in the Promoter Group...

Bonlon Industries Board Approves Re-classification of Promoter Group to Public Category Shareholders Bonlon Industries Ltd., during a meeting of its Board of Directors held on Thursday, July 2, 2026, approved the re-classification request from one of its promoter groups. This decision changes the status of the entity from 'Promoter/Promoter Group' category to 'Public' category shareholder.The company considered and approved the request submitted by B.C. Power Controls Limited, which sought re-classification from 'Promoter Group' to 'Public' Category shareholder. The Board accepted the request based on the rationale provided regarding the group’s operational detachment and shareholding status.Prior to the approval, the Board was...

Ikoma Technologies Appoints Two Additional Non-Executive Independent Directors Ikoma Technologies Ltd, formerly Vuenow Infratech limited, has announced the appointment of two individuals as additional directors in the category of Non-Executive Independent Director through a resolution passed by its Board of Directors on July 2, 2026. The appointments are Mr. Mahesh Kumar Nayan Kumar and Mr. Gopal Lohia.The company confirmed the appointments of both Mr. Mahesh Kumar Nayan Kumar (DIN: 11726177) and Mr. Gopal Lohia (DIN: 09563931). Both directors were appointed as additional members for one Financial Year, subject to ratification by shareholders in the ensuing General Meeting.Details of Mr. Mahesh Kumar Nayan Kumar Appointment The...

Jet Fuel Price Collapse Forces Airlines to Shun Massive $\text{₹}10,000$-Crore Stabilization Scheme The Union Cabinet's voluntary scheme, designed to shield airlines from extreme fuel price volatility, has failed to gain traction. Despite a massive allocation of $\text{₹}10,000$ crore, no airline has signed up for the aviation turbine fuel (ATF) price stabilization program. This outcome comes as international oil prices began to fall, eroding the incentive behind the capped pricing structure.Mitigating Fuel Volatility for Indian Carriers The government had introduced the $\text{₹}10,000$-crore scheme last month in response to soaring fuel costs fueled by the West Asia crisis. The program aimed to give carriers clarity on ATF prices...

Gold Surges as Dovish Fed Tone Powers Rebound Amid Weakening Dollar Dynamics Gold prices registered a significant rebound in major metropolitan markets on Thursday, rallying by ₹3,000 to reach ₹1,47,500 per 10 grams. This sharp recovery followed two days of declines and was fueled by strengthening international market trends and the weakening trajectory of the US dollar. The yellow metal's move provided a strong counterpoint after it had previously seen price reductions.Precious Metals Gain Ground in Domestic Markets According to local traders, gold recovered strongly after a period of losses, settling at ₹1,47,500 per 10 grams (including all taxes). This marks a climb from Wednesday's closing rate of ₹1,44,500 per 10 grams. In...

Titagarh Rail Systems and TuTr Hyperloop Partner to Advance Indigenous Hyperloop Freight Mobility for India Titagarh Rail Systems Limited (TRSL), a leading provider of mobility solutions in India, has formed a Strategic Collaboration Agreement with TuTr Hyperloop Private Limited. The collaboration aims to advance indigenous Hyperloop technology to develop India's first Hyperloop-enabled freight mobility solutions.TuTr Hyperloop, an IIT Madras-incubated deep-tech startup specializing in advanced mobility technologies and Hyperloop propulsion, will partner with TRSL. This alliance unites TRSL's established expertise in the design, engineering, and manufacturing of rolling stock with TuTr Hyperloop's capabilities in Hyperloop propulsion...

Net Avenue Technologies Directed to Pay Fasttrack Logistics Following Court Order in Chennai Net Avenue Technologies Limited has been subject to a judicial directive concerning an outstanding payment due to Fasttrack logistics. The Company received a specific Order from the Principal Commercial Court, Egmore, Chennai, issued under C.O.S. No. 1167 of 2022.The court Order directs Net Avenue Technologies Limited to settle an amount due to Fasttrack logistics, which includes payment and associated interest, alongside the costs incurred in the suit. The requirement pertains to a principal sum of Rs 9,16,160/- originating from April 2018.According to the directive, the company is required to pay Rs 13,92,749/-, which constitutes the core...

Deep Health AI India Ltd Appoints Bhupesh Swami as Additional Non-Executive Independent Director Deep Health AI India Ltd, formerly known as Deep Diamond India Limited, has appointed Mr. Bhupesh Swami as an Additional Non-Executive Independent Director of the company. This decision was made by the Board of Directors and is effective from July 02, 2026.Mr. Swami's appointment is set for a term of two years, running from July 02, 2026, until July 01, 2028.Details regarding Mr. Swami’s qualifications and relationships with the company have been confirmed following his selection.Director Profile Summary The appointed director holds a Master India Boards (MIB) Specialization in Export-Import, which he obtained from CMS, Udaipur in...

Shahi Shipping Ltd.'s Board Approves Sale and Disposal of Movable Assets The Board of Directors of Shahi Shipping Ltd. approved the sale and disposal of movable assets during a meeting held on July 2, 2026. The company confirmed that the decision was made to dispose of these assets at the best available market price.The meeting commenced at 3:00 P.M. and concluded at 4:00 P.M., with the primary agenda items including the consideration and approval of this significant disposal action, according to the outcomes ratified by the Board.Stock Price Movement Shahi Shipping Ltd. settled at ₹12.63 on Thursday, as the shares ticked up 1.28%. The stock managed to move within an intraday trading band stretching from a low of ₹12.41 to a high of...

Mahindra & Mahindra Financial Services Receives Reaffirmed CARE AAA Ratings for Debt Instruments Mahindra & Mahindra Financial Services Limited received updated credit ratings from CARE Ratings Limited on July 1, 2026, concerning various debt instruments of the company. The ratings affirm the stability and creditworthiness of these financial obligations across different categories.The rating update covers several classes of Non-convertible Debentures (NCDs) and subordinate debt programs issued by the company. Ratings were reaffirmed for key instruments while one category was withdrawn.InstrumentRated Amount (Rs. in Crore)RatingSecured Non-convertible Debentures (NCD Privately Placed)11,686.50 (Reduced from 12,343.50)CARE AAA...

Punjab & Sind Bank Sets Record Date for Final Dividend and Announces Details of 16th Annual General Meeting Punjab & Sind Bank has announced the record date for shareholders concerning the Final Dividend for the Financial Year (FY) 2025-26, as it prepares for its upcoming Annual General Meeting (AGM).The bank set Tuesday, July 21, 2026, as the designated record date to determine which shareholders are eligible for the payment of the final dividend.In addition to the dividend notification, the bank provided details regarding the conduct of its 16th Annual General Meeting. The meeting is scheduled to take place on Tuesday, July 28, 2026. Shareholders will be able to attend the AGM via Video Conferencing (VC) or through other...

RBI Extends Directive Period for Innovative Co-operative Urban Bank Amid Regulatory Review The Reserve Bank of India (RBI) has formally extended a crucial directive period concerning Innovative Co-operative Urban Bank Limited, New Delhi. The extension, issued under Section 35A read with Section 56 of the Banking Regulation Act, 1949, mandates continued compliance and oversight by the regulator.This development provides an additional operational window for the bank to fulfill the requirements stipulated in the original directive. The RBI confirmed that this extension is necessary in the public interest.Details of the Extended Directive The initial period for the directive, which had previously been extended on March 30, 2026, was...

TVS Holdings Ltd Increases Stake in Home Credit India Finance through Additional Equity InvestmentTVS Holdings Limited has completed an additional investment in Home Credit India Finance Private Limited (HCIFPL), a subsidiary of the company, through a right issue offer. The transaction involved the subscription and allotment of 65,864,009 equity shares of HCIFPL to TVS Holdings Ltd on July 2, 2026.The acquisition was made via cash consideration at a cost of Rs 26.78 per share, aggregating to Rs 176.38 Cr. This investment is intended to sustain and accelerate the current growth rate of HCIFPL. Following this additional acquisition, TVS Holdings Ltd maintains an 80.17% shareholding in HCIFPL.Home Credit India Finance Private Limited...

Jammu & Kashmir Bank Signs Corporate Agency Agreements with SBI Life and HDFC Life to Market Insurance Products Jammu & Kashmir Bank Ltd has formalized Corporate Agency Agreements with two major insurance players, State Bank of India (SBI) Life Insurance Company Limited and HDFC Life Insurance Company Limited. The agreements, effective from July 02, 2026, empower the bank's branch network to service and solicit the insurance products of both companies.The strategic collaboration positions Jammu & Kashmir Bank as a partner in facilitating the sales and servicing of financial security products offered by SBI Life and HDFC Life through its existing customer base.Details regarding the corporate agency relationship include:Parties...

Railways Boost Freight Capacity with ₹135 Crore Flyover Project to Decongest Vital Industrial Corridor Indian Railways has approved a major infrastructure initiative aimed at dramatically boosting freight capacity and operational efficiency along one of India's most critical industrial routes. The project involves the construction of a 4.59 km rail flyover in South Eastern Railway, specifically connecting Bondamunda 'A' Cabin to Bondamunda Link 'B' Cabin, sanctioned at a cost of ₹135 crore.This investment targets the immediate decongestion of the highly crucial Rourkela-Bondamunda section. This corridor is currently experiencing intense pressure due to escalating freight traffic driven by expanding mining operations and increasing...

Railway Signal Revolution: Indian Railways Invests ₹274 Crore in Electronic Interlocking to Turbocharge Safety and Efficiency In a major commitment to enhancing railway safety and infrastructure integrity, Indian Railways has approved a significant modernization project worth ₹274 crore across 20 locations within the Malda Division of Eastern Railway. This vital initiative mandates replacing legacy relay-based interlocking systems with state-of-the-art Electronic Interlocking (EI).This comprehensive upgrade aims to strengthen one of Eastern Railway's most heavily used corridors by boosting the reliability, efficiency, and maintainability of its core signaling network. The modernization moves the railway system toward a smarter, safer...

RBI Grants 3-Month Extension to Ramgarhia Co-operative Bank Amid Regulatory Scrutiny The Reserve Bank of India (RBI) has issued a critical directive extending the operational period for Ramgarhia Co-operative Bank Limited, New Delhi. The extension relates to compliance requirements under Section 35A read with Section 56 of the Banking Regulation Act, 1949. This move comes as part of ongoing regulatory oversight concerning the bank's operations and required compliances.Extending Regulatory Compliance Period for Ramgarhia Bank The RBI confirmed that it found it necessary in the public interest to grant a further extension to the directive concerning Ramgarhia Co-operative Bank Limited. The original directive had been issued on July 07...

Aastha Spintex IPO Allotment Expected Tonight: Check Status on Registrar and Major Exchanges The allotment process for the Aastha Spintex IPO is anticipated to be finalized by tonight through the official website of the issue's registrar. The IPO, which was raised at a price band of Rs 125-136 per share, saw substantial investor interest in the primary market.Investors who subscribed during the allotment window can verify their status across multiple platforms, including the registrar's site, BSE, and NSE websites. This verification is crucial for all IPO applicants awaiting final confirmation.Aastha Spintex IPO Subscription Details and Outlook The Aastha Spintex issue was conducted with a total size of Rs 170 crore. The offering...

India and Japan Forge Strategic Energy Alliance: PM Modi and Taikachi Vow Joint Action Against Geopolitical Volatility A high-level meeting between Indian and Japanese leadership has marked a significant step in bolstering global energy security. On July 2, 2026, Prime Minister Narendra Modi of the Republic of India and Prime Minister Takaiichi Sanae of Japan met in New Delhi to cement a shared commitment to enhancing regional energy resilience.The discussions underscored the importance of proactive cooperation between two major energy-consuming economies in Asia. The joint statement confirmed that both nations intend to work as responsible powers, addressing the complexities presented by the current geopolitical climate.Strategic...

Promoter Group Member Transfers Shares via Gift to Techno Family Welfare TrustTechno Electric & Engineering Company Limited has registered a transaction involving an inter-se transfer of equity shares among members of its Promoter Group. The acquisition was completed through an off-market gift, without any consideration, affecting the shareholding structure of the company.The transaction details include the acquisition of 200,000 equity shares by the Techno Family Welfare Trust from Ankit Saraiya on June 30, 2026. The transfer accounted for 0.17% of the total share capital of the company.This inter-se transfer is noted as a private arrangement intended to streamline the family's assets between the Promoter and the Promoter Group...